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S4F55 - Revenue Accounting and Reporting - Assisting with IFRS 15/US-GAAP ASC 606 Course Overview

S4F55 - Revenue Accounting and Reporting - Assisting with IFRS 15/US-GAAP ASC 606 Course Overview

This course offers a comprehensive introduction to the capabilities of SAP Revenue Accounting and Reporting and how they are configured within the system. You will explore how SAP S/4HANA addresses revenue accounting and reporting requirements and gain insights into how these business processes are executed.

Additionally, the course covers the technical foundation of Revenue Accounting and Reporting, demonstrating how the processes are implemented in the system. Hands-on practice will help you set up and utilize the core functionalities within the SAP S/4HANA environment.

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  • Live Training (Duration : 40 Hours)
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Free Pre-requisite Training

Join a free session to assess your readiness for the course. This session will help you understand the course structure and evaluate your current knowledge level to start with confidence.

Assessments (Qubits)

Take assessments to measure your progress clearly. Koenig's Qubits assessments identify your strengths and areas for improvement, helping you focus effectively on your learning goals.

Post Training Reports

Receive comprehensive post-training reports summarizing your performance. These reports offer clear feedback and recommendations to help you confidently take the next steps in your learning journey.

Class Recordings

Get access to class recordings anytime. These recordings let you revisit key concepts and ensure you never miss important details, supporting your learning even after class ends.

Free Lab Extensions

Extend your lab time at no extra cost. With free lab extensions, you get additional practice to sharpen your skills, ensuring thorough understanding and mastery of practical tasks.

Free Revision Classes

Join our free revision classes to reinforce your learning. These classes revisit important topics, clarify doubts, and help solidify your understanding for better training outcomes.

Inclusions in Koenig's Learning Stack may vary as per policies of OEMs

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♱ Excluding VAT/GST

You can request classroom training in any city on any date by Requesting More Information

Inclusions in Koenig's Learning Stack may vary as per policies of OEMs

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Target Audience for S4F55 - Revenue Accounting and Reporting - Assisting with IFRS 15/US-GAAP ASC 606

S4F55 - Revenue Accounting and Reporting focuses on IFRS 15 and US-GAAP ASC 606, equipping professionals with essential skills for accurate revenue recognition and reporting.


  • Accountants
  • Financial Analysts
  • Financial Controllers
  • Compliance Officers
  • Revenue Recognition Specialists
  • Auditors
  • Tax Advisors
  • CFOs and other Finance Executives
  • Business Analysts
  • Operations Managers
  • Corporate Finance Professionals
  • SAP Consultants
  • ERP System Implementers
  • Accounting Graduates
  • Professional Trainers in Accounting and Finance


Learning Objectives - What you will Learn in this S4F55 - Revenue Accounting and Reporting - Assisting with IFRS 15/US-GAAP ASC 606?

Course Introduction

The S4F55 - Revenue Accounting and Reporting course equips students with essential knowledge of IFRS 15 and US-GAAP ASC 606, focusing on effective revenue recognition and compliance in financial reporting.

Learning Objectives and Outcomes

  • Understand the principles of revenue recognition under IFRS 15 and ASC 606.
  • Analyze and apply the five-step revenue recognition model.
  • Identify performance obligations within contracts.
  • Evaluate transaction prices and constraining estimates of variable consideration.
  • Recognize revenue upon fulfilling performance obligations.
  • Assess the implications of revenue recognition on financial statements.
  • Integrate revenue accounting practices into strategic financial planning.
  • Explore disclosures and reporting requirements for revenue accounting.
  • Compare and contrast IFRS and US-GAAP approaches to revenue recognition.
  • Facilitate the transition to new revenue accounting standards effectively.

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